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Decree No. 44 of 1992 of the Government amending provisions related to Law No. II of 1992 on the entry into force of Law No. I of 1992 on cooperatives and on temporary provisions.

Country/Territory
Hungary
Document type
Regulation
Date
1992 (1992)
Source
FAO, FAOLEX
Original source
Jurix Collection of Hungarian Rules of Law, WWW, Hungary.
Subject
Agricultural & rural development
Keyword
Cooperative/producer organization
Geographical area
Eastern Europe, Europe, Europe and Central Asia, European Union Countries
Entry into force notes
Provisions of paragraph 1 of article 1 and article 6 entered into force on 01.01.1993.
Abstract

Article 1 amends Article 6(3) of Decree No. 94 of 1988 of the Cabinet regarding shares of cooperatives' assets. The issuer has the right of purchase, in case of death or termination of employment, of shares owned by the employee, free of charge. The nominal value of the share shall apply. Once this Decree enters into force, cooperatives may no longer issue shares.

Full text
Hungarian